NFO Review: HDFC Defence Fund

If thereโ€™s one NFO thatโ€™s trying to be a hop out of the regular, it is the HDFC Defence Fund. And with good reason โ€“ the defence space has been garnering increasing attention in stock markets with defence plays rallying. This open-ended thematic fund opens for subscription today.

HDFC Defence will be the only fund on the defence theme, making it differentiated from other sector offerings. Thereโ€™s also no denying the scope in the defence sector, especially after key changes in defence capex spending which focuses on indigenous procurement. So, can this NFO make a good portfolio addition?

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